A Main Disadvantage of Computing a Range Is That It

question 37

True/False

A main disadvantage of computing a range is that it is a simple and quick measure of variability.

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Definitions:

Historical Costs

The original monetary value of an asset or liability, without adjusting for inflation or changes in market value.

Economic Resources

Assets owned by businesses or individuals that have the ability to produce value or generate income in the future.

Balance Sheet

A report showing a business's assets, debts, and owner's equity on a particular date.

Long-Term Liabilities

Company debts that are payable beyond a year from now.